Australia's Kalina Power gains on deal to jointly develop AI data centre projects in Canada

Kalina Power

05/02/2025 01:35

** Shares of Kalina Power  KPO.AX  up 11.1% at A$0.01
    ** Stock hits highest levels since Nov 28, 2024
    ** The clean tech co signs an agreement with Crusoe for the
joint development of multiple co-sited AI data centre projects
in Alberta, Canada
    ** Co anticipates Crusoe to own and operate its AI data
centres by using co's near-zero-emissions power under a
contracting arrangement
    ** About 20 mln shares change hands, 25.2 times the 30-day
average of shares
    ** Stock down 5.3% this year, as of last close
    

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))